approved scheme
A share scheme approved by HM Revenue & Customs, which enjoys valuable tax reliefs.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • approved executive share option scheme — Approved Executive Share Option Scheme/Selective Share Option Scheme A share option scheme approved by the Inland Revenue under the provisions of the Income and Corporations Taxes Act 1988. These types of schemes are by far the most flexible of… …   Law dictionary

  • approved profit sharing — Under the Income and Corporation Taxes Act 1988, this scheme requires the establishment of an employee benefit trust into which the company pays cash out of its profits. The company obtains a corporation tax deduction for any such payment. Such… …   Law dictionary

  • Approved Savings-Related Share Option Scheme — A share option scheme linked to a savings contract taken out usually with our building society governed by the Income and Corporation Taxes Act 1988. The limits to the amount that may be saved and the number of shares over which an option may be… …   Law dictionary

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  • scheme actuary — The actuary appointed to advise the trustees of an occupational pension scheme. Most occupational schemes must appoint an actuary, who must be a named individual rather than a firm. The actuary must also be a Fellow of the Faculty and Institute… …   Law dictionary

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  • approved deferred share trust — ADST A trust fund set up by a British company, and approved by HM Revenue and Customs, that purchases shares in that company for the benefit of its employees. Tax on dividends is deferred until the shares are sold and is then paid at a reduced… …   Big dictionary of business and management

  • Selective Share Option Scheme — Approved Executive Share Option Scheme/Selective Share Option Scheme A share option scheme approved by the Inland Revenue under the provisions of the Income and Corporations Taxes Act 1988. These types of schemes are by far the most flexible of… …   Law dictionary

  • Central Plains Water Enhancement Scheme Timeline — This is a Central Plains Water Enhancement Scheme timeline.The Central Plains Water Enhancement Scheme is a proposed water diversion, damming and water reticulation and irrigation scheme for the Canterbury Plains of New Zealand.1999 Beginning* 26 …   Wikipedia

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